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Forex: Evolution of the EUR / GBP

May 30, 2012 by Forex Market

Forex: Evolution of the EUR / GBP:

The EURGBP pair shows a clear upward trend since the middle of last February. This broke the resistance at 0.8763 which was no problem but the second runs right through an important point from the psychological point of view (0.9000) so you can not expect that the break is done very easily. While it could be some difficulty to pass that level is also true that not many indicators that show a weakening of the uptrend.

At present, the 43.11 mark RSI what is clearly a zone of indifference to what may presage the pair continue to rise even crossing moving averages continue to teach a buy signal.

For the week, expect some important economic data that may have some influence on currencies such as the CPI and the quarterly GDP in the EU, the publication of producer prices, confidence level and balance of trade of Great Britain .

Related posts:

  1. Forex: Evolution of EUR CHF
  2. Forex: Evolution of the USD – JPY
  3. Forex: Evolution of the USD – SEK
  4. Forex: Evolution AUD – USD
  5. Forex: Evolution AUD – USD
  6. Forex: GBP Analysis – USD
  7. Forex: Analysis of the evolution of gold
  8. Forex: Evolution of EUR – CHF
  9. Forex: Evolution of GBPUSD
  10. Forex: Evolution of the USD – SEK

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